A BANKRUPT Zilzie company has had their block of land sold from under them as they racked up five years of unpaid rates.
Ray White Yeppoon held an auction on behalf of Livingstone Shire Council last month for a 693m2 block of land at 85 Cocoanut Point Dr, Zilzie.
There were originally 18 properties that were eligible when they began the land rate arrears auction process in September 2018, however many owners paid the total amount of their outstanding rates.
In the week before the auction there were still six properties eligible but when it came to the morning of the auction in March, only the Zilzie property remained.
A small crowd gathered at the auction at the Yeppoon Town Hall and there were more than 20 registered bidders.
The auctioneer …
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